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Re: StockSniper00 post# 3718

Friday, 05/13/2011 11:01:39 AM

Friday, May 13, 2011 11:01:39 AM

Post# of 37863
The problem is that you are trying to trade this like a stock by simply charting and looking at candlestick patterns. It is an ETF backed by silver which is heavily infuenced by outside forces (mainly the USD). Therefore, it doesn't matter what type of price pattern you have discovered as any number of headlines could come across and totally blow up the chart (for example the Greece situation could send people running into currency like the USD which will crush commodities thus silver...).

WM

Always consult your 8-ball before making investments in penny plays...

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